United Spirits, United Breweries tumble as SC upholds alcohol ban in Kerala

Kerala has the country's highest alcohol consumption per capita.NEW DELHI: Shares of brewing companies tumbled on Tuesday as Supreme Court upheld the ban on sale of liquor in Kerala. United Breweries Ltd fell 2.5 per cent, while United Spirits Ltd was down 0.7 per cent.

The Supreme Court upheld the Kerala High Court's liquor ban order, reports in the media said.

The southern Indian state introduced a policy last year to become alcohol-free within 10 years. Sale of alcohol is permitted only in 5-star hotels; policy was challenged by small bar owners who lost their case in the Kerala High Court.

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